Going With The 60min Flow!!!

[man4urheart]

Current Position Of NIFTY in thread

Position Start Date: 08-OCT-2008
Long Since : 3534
Stop Loss:3220 - 15 = 3205
Profit/Loss in Current Trade = 3534-3205= -329

We change our Position to SHORT if NIFTY Trades below :3205

If you have money you can add at 3330+7=3337

 

[rajfal]

Why is everybody adding to longs here?

The 5 min. bar rule is applicable only in case of SAR and not adds.......correct me if i missing something here?

 

[musicjunkie]

my god now if this type of situation continues all key rates will be zero :d

kidding

regards
satya

lol....

 

[rkkarnani]

RKK, Which rule is this. Gap was in direction of pure position (short). So is this the opening 5m high + 20 rule?

-- Milind

Yes Milind, when we have a tend continuing for 2/3/4 days and we get a big gap, we use this reversal thing to change the direction of the trade!!
High + room

 

[rajfal]

Yes Milind, when we have a tend continuing for 2/3/4 days and we get a big gap, we use this reversal thing to change the direction of the trade!!
High + room

RK.....

The aggressive ones are already long and i am not sure if this rule is applicable for adds too....

Forpure ones, I dont think this rule applies.....They only look for clear cut pivots for SAR...

Perhaps, our teacher could enlighten us further....

 

[milind]

RK.....

The aggressive ones are already long and i am not sure if this rule is applicable for adds too....

Forpure ones, I dont think this rule applies.....They only look for clear cut pivots for SAR...

Perhaps, our teacher could enlighten us further....

You are right Rajfal. If already long (as in Agressive), the Add will have to wait for new PH and then its brake.

-- Milind

 

[TFL]

Current Position Of NIFTY in thread

Position Start Date: 08-OCT-2008
Long Since : 3534
Stop Loss:3220 - 15 = 3205
Profit/Loss in Current Trade = 3534-3205= -329

We change our Position to SHORT if NIFTY Trades below :3205

If you have money you can add at 3330+7=3337

can you please post the report of PURE?

 

[nitinsy]

Are you guys sure about the gap down reversal values you're quoting?

I can't find 3220 or 3216 in the charts at all, only present as the absolute LOD in the trading platform.

But then again, even the opening value doesn't seem to coincide between the chart and the platform, so must be a problem at my end.

eSignal 5 min low 3220, LOD is also 3220

 

[Sec 5 (Pyr)]

eSignal 5 min low 3220, LOD is also 3220

Damnit, you guys are too quick for me.

Yeah, it was a problem at my end. A quick refresh solved it.

 

[Prabhjeet]

A pure trader should be still short as per original system